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Offshore : Equinor awards U$ 51 million contract to Noble Lloyd Noble

Norwegian energy major ‘Equinor’ has awarded Noble Drilling Norway a contract for drilling three wells at the Valemon field in the Norwegian Continental Shelf

Offshore drilling contractor will be using Noble Lloyd Noble drilling rig on from the summer of 2021. 

The Valemon drilling campaign is estimated to take around 230 days.

The contract includes an option for drilling one extra well at the Valemon field, and 11 wells that are not included in the same license. 

Moreover, the rig contractor also received a master frame agreement with Equinor.

The total value of the day rates for the fixed part of the contract is estimated at around U$ 51 million. 

Additional cost includes integrated services such as managed pressure drilling, treatment of cuttings and wastewater as well as running casing and tubing, further, rig modifications, mobilization and demobilization. 

Being the world’s tallest jack-up rig, Noble Lloyd Noble can stand on the seabed in up to 150 meters of water under tough weather conditions. 

The water depth at Valemon site is 135 meters. 

eBlue_economy_quinor awards U$ 51 million contract to Noble Lloyd Noble

According to Equinor, the contract is subject to the rig receiving an Acknowledgement of Compliance from the Petroleum Safety Authority Norway.

The Valemon field is one of Equinor’s stand-alone development projects on the Norwegian continental shelf. Containing about 192 million barrels of oil equivalent the field will be producing through a separate platform.

The partners of the Valemon license are Equinor (66.78%, operator), Petoro (30%) and Shell (3.22 Offshore drilling contractor will be using Noble Lloyd Noble drilling rig on from the summer of 2021. 

eBlue_economy_quinor awards U$ 51 million contract to Noble Lloyd Noble

The Valemon drilling campaign is estimated to take around 230 days.

The contract includes an option for drilling one extra well at the Valemon field, and 11 wells that are not included in the same license. 

Moreover, the rig contractor also received a master frame agreement with Equinor.

The total value of the day rates for the fixed part of the contract is estimated at around U$ 51 million. 

Additional cost includes integrated services such as managed pressure drilling, treatment of cuttings and wastewater as well as running casing and tubing, further, rig modifications, mobilization and demobilization. 

Being the world’s tallest jack-up rig, Noble Lloyd Noble can stand on the seabed in up to 150 meters of water under tough weather conditions. 

The water depth at Valemon site is 135 meters. 

According to Equinor, the contract is subject to the rig receiving an Acknowledgement of Compliance from the Petroleum Safety Authority Norway.

The Valemon field is one of Equinor’s stand-alone development projects on the Norwegian continental shelf. Containing about 192 million barrels of oil equivalent the field will be producing through a separate platform.

The partners of the Valemon license are Equinor (66.78%, operator), Petoro (30%) and Shell (3.22%).

 

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